Services sector just printed hot. ISM Services showing unexpected strength in August — exactly what the bulls needed after manufacturing stayed sluggish.

This is the part of the economy that actually matters for jobs and consumer spending. If services hold up, the soft landing narrative stays alive. If they roll over, we're cooked.

Market's reading this as growth rebound confirmation. Rate cut expectations might get pushed back again if this trend continues. Watch how equities react — tech wants lower rates, but not at the cost of a recession.